Frankfort Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Frankfort averaged 6.82% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

    The average rate for the prior week (2023-05-18) was 6.54% and one month ago for the week of 2023-04-20, the average rate was 6.24%.

    Frankfort's average rate one year ago was 5.5%.

    For refis of the same type during the week of 2023-05-25, the average rate was 6.47%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    Frankfort 30 Year Fixed Rate 2023-05-25 6.82%
    Frankfort 30 Year Fixed Rate Refi 2023-05-25 6.47%
    Frankfort 15 Year Fixed Rate 2023-05-25 6.07%
    Frankfort 15 Year Fixed Rate Refi 2023-05-25 5.97%
    Frankfort 30 Year FHA 2023-05-25 6.19%
    Frankfort 30 Year FHA Refi 2023-05-25 6.41%
    Frankfort 30 Year USDA 2023-05-25 6.43%
    Frankfort 30 Year USDA Refi 2023-05-25 6.53%
    Frankfort 30 Year VA 2023-05-25 6.51%
    Frankfort 30 Year VA Refi 2023-05-25 6.61%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Frankfort, IN.

    Frankfort Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Frankfort, IN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 63 5.20% $2,375
    Regions Bank 47 5.27% $3,022
    UNITED WHOLESALE MORTGAGE, LLC 13 5.36% $3,570
    First Merchants Bank 11 5.17% $3,071
    PURDUE FEDERAL CREDIT UNION 10 5.31% $5,098
    CALIBER HOME LOANS, INC. 10 5.20% $3,427
    QUICKEN LOANS, LLC 9 4.41% $5,653
    HALLMARK HOME MORTGAGE, LLC 7 5.54% $3,714
    Centier Bank 7 6.45% $3,107
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 5.04% $5,892
    JPMorgan Chase Bank 6 4.68% $2,947
    GVC MORTGAGE, INC. 5 5.30% $3,719
    AMERICAN MORTGAGE SERVICE COMPANY 5 5.48% $3,216
    First Farmers Bank and Trust Company 4 6.22% $1,601
    Farm Credit Mid-America, ACA 3 5.97% $5,983
    Carrington Mortgage Services, LLC 3 4.75% $4,124
    PANORAMA MORTGAGE GROUP, LLC 3 6.25% $5,192
    Wells Fargo Bank 3 5.88% $6,666
    The Huntington National Bank 3 4.29% $3,576
    Wolfe Financial, Inc 3 6.38% $2,947
    LOANPAL, LLC 2 5.06% $4,743
    M&T Bank 2 5.06% $3,804
    Flagstar Bank, FSB 2 3.55% $2,379
    CMG MORTGAGE, INC. 2 5.13% $2,794
    STOCKTON MORTGAGE CORPORATION 2 4.50% $4,612
    FREEDOM MORTGAGE CORPORATION 2 4.75% $5,740
    The Federal Savings Bank 2 6.38% $2,419
    The Fountain Trust Company 2 5.19% $2,063
    HOME POINT FINANCIAL CORPORATION 2 5.13% $3,409
    Horizon Bank 2 4.25% $2,450
    AMERISAVE MORTGAGE CORPORATION 2 5.81% $9,261
    ZILLOW HOME LOANS, LLC 1 7.13% $3,301
    Advisors Mortgage Group, L.L.C. 1 5.25% $1,962
    Ally Bank 1 5.38% $2,691
    AMERIFIRST FINANCIAL CORPORATION 1 7.13% $3,510
    Bank of England 1 7.50% $5,971
    CROSSCOUNTRY MORTGAGE, LLC 1 6.00% $2,821
    Elements Financial Federal Credit Union 1 3.38% $1,752
    FAIR WAY LENDING LLC 1 4.25% $5,545
    Fifth Third Bank 1 6.25% $6,400
    First National Bank of America 1 8.88% $6,987
    FORUM Credit Union 1 5.50% $2,140
    LAKEVIEW LOAN SERVICING, LLC 1 3.99% $5,207
    LOANDEPOT.COM, LLC 1 5.99% $8,193
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 5.75% $3,529
    MILESTONE HOME LENDING, LLC 1 4.99% $2,770
    Nations Lending Corporation 1 4.63% $1,475
    NEWREZ LLC 1 7.63% $2,836
    PENNYMAC LOAN SERVICES, LLC 1 4.88% $1,416
    PNC Bank 1 5.75% $3,246
    RELIANCE FIRST CAPITAL, LLC 1 4.13% $5,713
    Servion, Inc. 1 3.38% $4,141
    Solidarity Community Federal Credit Union 1 4.00% $4,346
    Stock Yards Bank & Trust Company 1 3.15% $2,725
    TEACHERS CREDIT UNION 1 5.00% $2,286
    Texana Bank 1 7.63% $4,687
    21ST MORTGAGE CORPORATION 1 7.25% $3,468

    Frankfort Average Closing Costs & Other Stats

    Frankfort, IN's 57 lenders originated 999 loans during 2022. The total origination value was $140,885,000, with an average loan value of $141,026.

    Frankfort's average closing costs are $3,496.

    The top Frankfort lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 63 loans originated. Their average total fees are $2,375, which is $647 lower than the next largest lender, Regions Bank.

    The lowest fee Frankfort lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,375), Regions Bank ($3,022), First Merchants Bank ($3,071), CALIBER HOME LOANS, INC. ($3,427) and UNITED WHOLESALE MORTGAGE, LLC ($3,570).

    The lowest rate Frankfort lenders (with over 10 loans originated) are First Merchants Bank (5.17%), CALIBER HOME LOANS, INC. (5.20%), RUOFF MORTGAGE COMPANY, INC. (5.20%), Regions Bank (5.27%) and PURDUE FEDERAL CREDIT UNION (5.31%).

    Frankfort, IN Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    RUOFF MORTGAGE COMPANY, INC. $38,165,000 $21,735,000 -43.0% 15.4%
    The Farmers Bank, Frankfort, Indiana $19,055,000 $20,970,000 10.0% 14.9%
    Regions Bank $13,935,000 $12,085,000 -13.3% 8.6%
    PURDUE FEDERAL CREDIT UNION $5,205,000 $9,130,000 75.4% 6.5%
    First Merchants Bank $5,815,000 $5,765,000 -0.9% 4.1%
    Community First Bank of Indiana $85,000 $4,205,000 4,847.1% 3.0%
    UNITED WHOLESALE MORTGAGE, LLC $4,305,000 $4,070,000 -5.5% 2.9%
    QUICKEN LOANS, LLC $8,835,000 $3,985,000 -54.9% 2.8%
    CALIBER HOME LOANS, INC. $1,960,000 $3,555,000 81.4% 2.5%
    HALLMARK HOME MORTGAGE, LLC $2,675,000 $3,220,000 20.4% 2.3%
    Centier Bank $1,005,000 $3,015,000 200.0% 2.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,160,000 $2,630,000 21.8% 1.9%
    AMERICAN MORTGAGE SERVICE COMPANY $2,780,000 $2,160,000 -22.3% 1.5%
    Mortgage Research Center, LLC $915,000 $1,940,000 112.0% 1.4%
    HOME POINT FINANCIAL CORPORATION $1,130,000 $1,400,000 23.9% 1.0%
    GVC MORTGAGE, INC. $510,000 $1,395,000 173.5% 1.0%
    PANORAMA MORTGAGE GROUP, LLC $1,305,000 $1,325,000 1.5% 0.9%
    Farm Credit Mid-America, ACA $2,380,000 $1,255,000 -47.3% 0.9%
    The Fountain Trust Company $1,615,000 $1,175,000 -27.2% 0.8%
    JPMorgan Chase Bank $1,830,000 $1,125,000 -38.5% 0.8%
    CROSSCOUNTRY MORTGAGE, LLC $925,000 $1,085,000 17.3% 0.8%
    Wolfe Financial, Inc $1,105,000 $1,045,000 -5.4% 0.7%
    The Huntington National Bank $1,160,000 $1,040,000 -10.3% 0.7%
    First Federal Bank of the Midwest $995,000 n/a 0.7%
    Wells Fargo Bank $555,000 $975,000 75.7% 0.7%
    Old National Bank $1,685,000 $820,000 -51.3% 0.6%
    Industrial Federal Credit Union $1,550,000 $800,000 -48.4% 0.6%
    First Farmers Bank and Trust Company $2,580,000 $755,000 -70.7% 0.5%
    Horizon Bank $985,000 $755,000 -23.4% 0.5%
    FREEDOM MORTGAGE CORPORATION $3,570,000 $725,000 -79.7% 0.5%
    LAKEVIEW LOAN SERVICING, LLC $135,000 $715,000 429.6% 0.5%
    LOANDEPOT.COM, LLC $2,095,000 $610,000 -70.9% 0.4%
    RF Renovo Management Company, LLC $605,000 n/a 0.4%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,165,000 $580,000 -50.2% 0.4%
    The Home National Bank of Thorntown $575,000 n/a 0.4%
    BROKER SOLUTIONS, INC. $720,000 $555,000 -22.9% 0.4%
    AMERISAVE MORTGAGE CORPORATION $850,000 $525,000 -38.2% 0.4%
    PNC Bank $910,000 $520,000 -42.9% 0.4%
    CMG MORTGAGE, INC. $570,000 $515,000 -9.6% 0.4%
    STOCKTON MORTGAGE CORPORATION $535,000 $485,000 -9.3% 0.3%
    Stock Yards Bank & Trust Company $485,000 n/a 0.3%
    FAIR WAY LENDING LLC $380,000 $460,000 21.1% 0.3%
    The Federal Savings Bank $470,000 $450,000 -4.3% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $1,295,000 $445,000 -65.6% 0.3%
    MILESTONE HOME LENDING, LLC $250,000 $435,000 74.0% 0.3%
    Solidarity Community Federal Credit Union $575,000 $430,000 -25.2% 0.3%
    M&T Bank $85,000 $425,000 400.0% 0.3%
    V.I.P. MORTGAGE, INC. $425,000 n/a 0.3%
    PENNYMAC LOAN SERVICES, LLC $930,000 $420,000 -54.8% 0.3%
    Carrington Mortgage Services, LLC $510,000 $385,000 -24.5% 0.3%
    AMERICAN FINANCIAL RESOURCES, INC. $355,000 n/a 0.3%
    Servion, Inc. $290,000 $340,000 17.2% 0.2%
    Hoosier Heartland State Bank $310,000 n/a 0.2%
    Fifth Third Bank $960,000 $300,000 -68.8% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $245,000 $300,000 22.4% 0.2%
    Elements Financial Federal Credit Union $35,000 $290,000 728.6% 0.2%
    PLANET HOME LENDING, LLC $105,000 $290,000 176.2% 0.2%
    Flagstar Bank, FSB $410,000 $285,000 -30.5% 0.2%
    UNION HOME MORTGAGE CORP. $290,000 $285,000 -1.7% 0.2%
    Union Savings Bank $525,000 $285,000 -45.7% 0.2%
    MOVEMENT MORTGAGE, LLC $280,000 n/a 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $1,120,000 $280,000 -75.0% 0.2%
    NEWREZ LLC $1,075,000 $260,000 -75.8% 0.2%
    BMO Harris Bank $45,000 $250,000 455.6% 0.2%
    PLAZA HOME MORTGAGE, INC. $375,000 $250,000 -33.3% 0.2%
    ALLIED MORTGAGE GROUP, INC. $205,000 $245,000 19.5% 0.2%
    FINANCE OF AMERICA MORTGAGE LLC $95,000 $245,000 157.9% 0.2%
    AMERICAN FINANCING CORPORATION $220,000 n/a 0.2%
    The North Salem State Bank $195,000 $220,000 12.8% 0.2%
    DIRECT MORTGAGE LOANS, LLC $215,000 n/a 0.2%
    First National Bank of America $105,000 $210,000 100.0% 0.1%
    CLEARPATH LENDING $275,000 $205,000 -25.5% 0.1%
    Paramount Residential Mortgage Group, Inc. $205,000 n/a 0.1%
    Advisors Mortgage Group, L.L.C. $195,000 n/a 0.1%
    State Bank of Lizton $185,000 n/a 0.1%
    FORUM Credit Union $680,000 $180,000 -73.5% 0.1%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $175,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $135,000 $175,000 29.6% 0.1%
    Security Federal Savings Bank $1,675,000 $175,000 -89.6% 0.1%
    LOANPAL, LLC $170,000 n/a 0.1%
    MID AMERICA MORTGAGE, INC. $410,000 $165,000 -59.8% 0.1%
    MJW Financial LLC $165,000 n/a 0.1%
    Equity Prime Mortgage LLC $155,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $155,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $190,000 $145,000 -23.7% 0.1%
    TEACHERS CREDIT UNION $320,000 $145,000 -54.7% 0.1%
    Texana Bank $145,000 n/a 0.1%
    First Financial Bank $750,000 $140,000 -81.3% 0.1%
    First Option Mortgage, LLC $135,000 n/a 0.1%
    LEADERONE FINANCIAL CORPORATION $210,000 $135,000 -35.7% 0.1%
    Nations Lending Corporation $260,000 $135,000 -48.1% 0.1%
    NATIONWIDE MORTGAGE BANKERS, INC. $135,000 n/a 0.1%
    The Farmers and Merchants Bank $135,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $135,000 n/a 0.1%
    Alliance Bank $125,000 n/a 0.1%
    Ally Bank $255,000 $125,000 -51.0% 0.1%
    HOMESIDE FINANCIAL, LLC $185,000 $125,000 -32.4% 0.1%
    UNIVERSITY LENDING GROUP, LLC $260,000 $125,000 -51.9% 0.1%
    AMERICAN ADVISORS GROUP $120,000 n/a 0.1%
    AMERIFIRST FINANCIAL CORPORATION $410,000 $115,000 -72.0% 0.1%
    AmeriHome Mortgage Company, LLC $115,000 n/a 0.1%
    OCEANSIDE MORTGAGE COMPANY $115,000 n/a 0.1%
    FINANCIAL BUILDERS Federal Credit Union $415,000 $110,000 -73.5% 0.1%
    Bank of England $145,000 $105,000 -27.6% 0.1%
    First Guaranty Mortgage Corporation $175,000 $105,000 -40.0% 0.1%
    GENEVA FINANCIAL, LLC $105,000 n/a 0.1%
    NORTHERN MORTGAGE SERVICES, LLC $105,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $105,000 n/a 0.1%
    KeyBank $325,000 $100,000 -69.2% 0.1%
    21ST MORTGAGE CORPORATION $25,000 $80,000 220.0% 0.1%
    Figure Lending LLC $165,000 $80,000 -51.5% 0.1%
    ALLIANT CREDIT UNION $75,000 n/a 0.1%
    CITIZENS EQUITY FIRST $205,000 $75,000 -63.4% 0.1%
    DEEPHAVEN MORTGAGE LLC $75,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $115,000 $75,000 -34.8% 0.1%
    GREENSTATE CREDIT UNION $70,000 n/a 0.0%
    U.S. Bank $65,000 n/a 0.0%
    1st Source Bank $95,000 $55,000 -42.1% 0.0%
    FINANCIAL CENTER FIRST CREDIT UNION $55,000 n/a 0.0%
    Citizens Bank $510,000 $35,000 -93.1% 0.0%
    SPRING EQ, LLC $35,000 n/a 0.0%

    Frankfort's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 15.4% market share. In second place, with 14.9%, is The Farmers Bank, Frankfort, Indiana, having originated $20,970,000 in loans. In third place, with 8.6%, is Regions Bank, having originated $12,085,000 in loans. In fourth place, with 6.5%, is PURDUE FEDERAL CREDIT UNION, having originated $9,130,000 in loans. In fifth place, with 4.1%, is First Merchants Bank, having originated $5,765,000 in loans.

    Frankfort Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Frankfort (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $75,725 (13.2%) $108,400 (13.7%) 0.00 66
    2018-02-01 $75,725 (8.3%) $107,483 (12.7%) 0.00 58
    2018-03-01 $76,000 (1.2%) $114,098 (14.7%) 0.00 53
    2018-04-01 $100,500 (27.2%) $144,972 (31.7%) 0.00 59
    2018-05-01 $97,475 (20.8%) $143,756 (31.0%) 0.00 56
    2018-06-01 $109,900 (27.6%) $145,107 (34.3%) 0.00 59
    2018-07-01 $111,225 (34.2%) $140,821 (22.2%) 0.00 77
    2018-08-01 $121,150 (39.9%) $145,260 (21.3%) 0.00 84
    2018-09-01 $117,450 (38.2%) $146,596 (18.1%) 0.00 68
    2018-10-01 $106,975 (33.8%) $146,521 (25.1%) 0.00 73
    2018-11-01 $132,450 (67.5%) $157,641 (34.9%) 0.00 72
    2018-12-01 $134,950 (71.9%) $151,588 (32.6%) 0.00 70
    2019-01-01 $138,500 (82.9%) $150,714 (39.0%) 0.00 69
    2019-02-01 $134,900 (78.1%) $153,561 (42.9%) 0.00 63
    2019-03-01 $132,900 (74.9%) $146,919 (28.8%) 0.00 49
    2019-04-01 $138,900 (38.2%) $154,062 (6.3%) 0.00 47
    2019-05-01 $138,800 (42.4%) $160,629 (11.7%) 0.00 51
    2019-06-01 $138,772 (26.3%) $150,715 (3.9%) 0.00 52
    2019-07-01 $140,361 (26.2%) $157,178 (11.6%) 0.00 52
    2019-08-01 $134,898 (11.4%) $158,446 (9.1%) 0.00 57
    2019-09-01 $134,800 (14.8%) $165,092 (12.6%) 0.00 64
    2019-10-01 $133,800 (25.1%) $172,767 (17.9%) 0.00 64
    2019-11-01 $129,450 (-2.3%) $165,471 (5.0%) 0.00 54
    2019-12-01 $107,975 (-20.0%) $162,319 (7.1%) 0.00 51
    2020-01-01 $104,850 (-24.3%) $155,750 (3.3%) 0.00 51
    2020-02-01 $94,500 (-30.0%) $150,596 (-1.9%) 0.00 44
    2020-03-01 $82,575 (-37.9%) $141,127 (-3.9%) 0.00 36
    2020-04-01 $90,750 (-34.7%) $146,484 (-4.9%) 0.00 36
    2020-05-01 $115,000 (-17.2%) $151,290 (-5.8%) 0.00 36
    2020-06-01 $119,950 (-13.6%) $163,642 (8.6%) 0.00 38
    2020-07-01 $119,900 (-14.6%) $141,338 (-10.1%) 0.00 29
    2020-08-01 $137,000 (1.6%) $137,629 (-13.1%) 0.00 23
    2020-09-01 $119,900 (-11.1%) $135,613 (-17.9%) 0.00 28
    2020-10-01 $110,450 (-17.5%) $124,323 (-28.0%) 0.00 33
    2020-11-01 $118,900 (-8.2%) $130,819 (-20.9%) 0.00 29
    2020-12-01 $117,450 (8.8%) $125,242 (-22.8%) 0.00 30
    2021-01-01 $129,950 (23.9%) $128,971 (-17.2%) 0.00 27
    2021-02-01 $137,500 (45.5%) $145,584 (-3.3%) 0.00 21
    2021-03-01 $141,200 (71.0%) $154,716 (9.6%) 0.00 14
    2021-04-01 $134,500 (48.2%) $159,747 (9.1%) 0.00 24
    2021-05-01 $136,950 (19.1%) $184,765 (22.1%) 0.00 15
    2021-06-01 $136,950 (14.2%) $198,667 (21.4%) 0.00 17
    2021-07-01 $129,900 (8.3%) $211,881 (49.9%) 0.00 21
    2021-08-01 $171,225 (25.0%) $213,718 (55.3%) 0.00 27
    2021-09-01 $172,450 (43.8%) $201,717 (48.8%) 0.00 35
    2021-10-01 $165,000 (49.4%) $184,151 (48.1%) 0.00 38
    2021-11-01 $170,925 (43.8%) $216,908 (65.8%) 0.00 34
    2021-12-01 $148,925 (26.8%) $203,365 (62.4%) 0.00 36
    2022-01-01 $141,000 (8.5%) $217,751 (68.8%) 0.00 24
    2022-02-01 $141,875 (3.2%) $210,247 (44.4%) 0.00 23
    2022-03-01 $143,125 (1.4%) $197,843 (27.9%) 0.00 24
    2022-04-01 $159,900 (18.9%) $209,917 (31.4%) 0.00 25
    2022-05-01 $158,675 (15.9%) $225,672 (22.1%) 0.00 31
    2022-06-01 $161,225 (17.7%) $225,680 (13.6%) 0.00 37
    2022-07-01 $169,900 (30.8%) $230,602 (8.8%) 0.00 40
    2022-08-01 $175,725 (2.6%) $219,785 (2.8%) 0.00 41
    2022-09-01 $179,075 (3.8%) $218,968 (8.6%) 0.00 33
    2022-10-01 $165,000 (0.0%) $192,812 (4.7%) 0.00 35
    2022-11-01 $177,475 (3.8%) $200,666 (-7.5%) 0.00 34
    2022-12-01 $184,900 (24.2%) $204,916 (0.8%) 0.00 33
    2023-01-01 $174,450 (23.7%) $195,825 (-10.1%) 0.00 29
    2023-02-01 $167,000 (17.7%) $195,767 (-6.9%) 0.00 28
    2023-03-01 $204,500 (42.9%) $224,538 (13.5%) 0.00 24
    2023-04-01 $229,500 (43.5%) $225,167 (7.3%) 0.00 24
    Frankfort's median listing price for 2023-04-01 was $229,500, a difference of $69,600 (43.5%) versus the prior year and $25,000 versus the prior month.

    Frankfort's median listing price comes in at 0% of the national average.

    Frankfort's average listing price for 2023-04-01 was $225,167, a difference of $15,250 (7.3%) versus the prior year and $629 versus the prior month.

    For the 2023-04-01 period, Frankfort had 24 MLS listings, a difference of 0 listings (0%) versus the prior month and -1 listings (-4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Frankfort (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,526 sqft
    2018-02-01 0 days 1,533 sqft
    2018-03-01 0 days 1,543 sqft
    2018-04-01 0 days 1,829 sqft
    2018-05-01 0 days 1,823 sqft
    2018-06-01 0 days 1,693 sqft
    2018-07-01 0 days 1,536 sqft
    2018-08-01 0 days 1,777 sqft
    2018-09-01 0 days 1,824 sqft
    2018-10-01 0 days 1,816 sqft
    2018-11-01 0 days 1,908 sqft
    2018-12-01 0 days 1,954 sqft
    2019-01-01 0 days 1,968 sqft
    2019-02-01 0 days 1,935 sqft
    2019-03-01 0 days 1,850 sqft
    2019-04-01 0 days 1,841 sqft
    2019-05-01 0 days 2,010 sqft
    2019-06-01 0 days 1,792 sqft
    2019-07-01 0 days 1,736 sqft
    2019-08-01 0 days 1,700 sqft
    2019-09-01 0 days 1,747 sqft
    2019-10-01 0 days 1,774 sqft
    2019-11-01 0 days 1,729 sqft
    2019-12-01 0 days 1,699 sqft
    2020-01-01 0 days 1,648 sqft
    2020-02-01 0 days 1,722 sqft
    2020-03-01 0 days 1,736 sqft
    2020-04-01 0 days 1,770 sqft
    2020-05-01 0 days 1,807 sqft
    2020-06-01 0 days 2,064 sqft
    2020-07-01 0 days 1,978 sqft
    2020-08-01 0 days 1,904 sqft
    2020-09-01 0 days 1,584 sqft
    2020-10-01 0 days 1,581 sqft
    2020-11-01 0 days 1,657 sqft
    2020-12-01 0 days 1,668 sqft
    2021-01-01 0 days 1,656 sqft
    2021-02-01 0 days 1,969 sqft
    2021-03-01 0 days 1,820 sqft
    2021-04-01 0 days 1,798 sqft
    2021-05-01 0 days 1,750 sqft
    2021-06-01 0 days 1,590 sqft
    2021-07-01 0 days 1,640 sqft
    2021-08-01 0 days 1,748 sqft
    2021-09-01 0 days 1,826 sqft
    2021-10-01 0 days 1,622 sqft
    2021-11-01 0 days 1,656 sqft
    2021-12-01 0 days 1,622 sqft
    2022-01-01 0 days 1,715 sqft
    2022-02-01 0 days 1,499 sqft
    2022-03-01 0 days 1,446 sqft
    2022-04-01 0 days 1,574 sqft
    2022-05-01 0 days 1,607 sqft
    2022-06-01 0 days 1,625 sqft
    2022-07-01 0 days 1,820 sqft
    2022-08-01 0 days 1,696 sqft
    2022-09-01 0 days 1,652 sqft
    2022-10-01 0 days 1,646 sqft
    2022-11-01 0 days 1,726 sqft
    2022-12-01 0 days 1,714 sqft
    2023-01-01 0 days 1,691 sqft
    2023-02-01 0 days 1,598 sqft
    2023-03-01 0 days 1,712 sqft
    2023-04-01 0 days 1,691 sqft
    Frankfort's median listing age (time on market) for 2023-04-01 was 0 days.

    Frankfort's median square footage for active listings during the 2023-04-01 period was 1,691 sqft. One year prior, the average listing was 1,574 sqft.

    Frankfort, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 493 $92,435,000 $187,495
    Cash Out Refi 183 $21,745,000 $118,825
    Refi 144 $16,020,000 $111,250
    Home Improvement 125 $7,635,000 $61,080
    Other 54 $3,050,000 $56,481

    Frankfort's most frequently cited loan purpose was Home Purchase, with 493 originations. The 2nd most popular reason was Cash Out Refi, with 183 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 198 $36,270,000 $183,182
    4-5% 166 $28,420,000 $171,205
    3-4% 142 $20,700,000 $145,775
    6-7% 116 $17,720,000 $152,759
    7-8% 55 $5,515,000 $100,273
    Over 8% 28 $2,210,000 $78,929
    2.5-3% 18 $2,390,000 $132,778
    <2.5% 17 $1,365,000 $80,294

    During 2022, Frankfort's most frequently originated rate bucket was 5-6%, with 198 originations.

    Loan Sizing (Frankfort, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 418 $59,670,000 $142,751
    $100,000 or less 408 $22,240,000 $54,510
    $200k-400k 148 $38,800,000 $262,162
    $400k-600k 18 $8,460,000 $470,000
    $600k-1000k 4 $2,600,000 $650,000
    $Over $1MM 3 $9,115,000 $3,038,333

    Frankfort's loan sizing saw the bucket of loans from $100k-200k with 418 originations, totaling $59,670,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 344 $61,320,000 $178,256
    60-80% 147 $30,325,000 $206,293
    20-40% 100 $7,390,000 $73,900
    Under 20% 71 $2,015,000 $28,380
    40-60% 70 $7,030,000 $100,429
    Over 100% 3 $4,205,000 $1,401,667

    Frankfort's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 344 originations, totaling $61,320,000 in origination value.